How to restrict the power of technology companies? There are great differences between the two parties in the United States


According to reports, Democratic members of Congress sent a clear message to apple, Amazon, Facebook and Google: you have monopoly power and now face the risk of being split up.
After 16 months of investigation into the four technology giants, the antitrust group of the House Judiciary Committee recently released a 449 page report detailing the reasons why each company has monopoly power, and making suggestions on how Congress can amend the law to regulate these companies.
The report was intended to encourage the two parties to work together to control the power of large technology companies, but as the two sides argued, the joint efforts evolved into partisan struggle.
As a result, it is hard to believe that any substantive law will come out in the near future. It has been four years since legislators began to examine the destructive role of the technology industry in industries ranging from media to retail. However, there has not been any regulation to regulate the technology industry.
Here are the key differences between the two parties:
On the Republican side
Republican members of the Subcommittee have long argued that social media platforms, such as Facebook and Google’s youtube, discriminate against conservative views.
There is no evidence that social media is deliberately censoring conservative voices. In fact, Facebook’s own data shows that posts from conservatives and news media are almost always the most popular content on Facebook. This issue has nothing to do with antitrust laws.
Even so, they accused the Democratic majority of not mentioning the issue in the report.
Republicans also disagree with the Democrats’ proposal that the antitrust law be comprehensively amended, which may eventually lead to the splitting of some companies. It is reported that in the draft report of Republican congressman Ken buck, a member of the sub committee, he made it clear that Republicans in Congress would not vote for the comprehensive and breakthrough change that the Democratic Party expected.
On the Democratic side
The Democratic Party is optimistic that the legislation proposed in the report can be passed. Pramila jayapal, a representative of the sub Commission, said there would be “significant legislation” on the matter in the first three to six months of the next Congress.
Based on more than 1 million internal documents and interviews with experts and competing companies, the Democratic Party has put forward strong evidence against the four technology giants. The report found that Apple had a monopoly over software distribution on the iPhone; Amazon bullied third-party sellers; Facebook abused its power to buy or kill potential competitors; and Google had complete dominance in online search. (each company strongly denies the charges.)
Even if the Democrats failed to achieve the comprehensive antitrust reforms they wanted, at least they brought with them this lengthy written report documenting the dubious strategies used by these companies to become dominant in the industry and the global economy. These shadows will follow every company for decades to come.
common ground
Even if the two sides disagree on the details, they are generally of the view that big technology companies have too much power in the market and that the government needs to take more restrictive measures.
A potential starting point for the merger of the Federal Ministry of trade and regulatory agencies such as anti competition is possible. Each of the big four companies has seemingly inexhaustible funds to fight government lawsuits and investigations. And both parties agree that providing more money to these institutions will help them fight back.